Common use of Execution and Authentication of Notes Clause in Contracts

Execution and Authentication of Notes. The Indenture Trustee, on behalf of the Issuer, has caused to be authenticated and delivered to or upon the order of the Sponsor, in exchange for the Collateral, concurrently with the sale, assignment and conveyance to the Indenture Trustee of the Collateral, one class of Notes in authorized denominations.

Execution and Authentication of Notes. The Indenture Trustee, on behalf of the Issuer, has caused to be authenticated and delivered to or upon the order of the Sponsor, in exchange for the Collateral, concurrently with the sale, assignment and conveyance to the Indenture Trustee of the Collateral, one class two classes of Notes in authorized denominations.